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OpenStudy (anonymous):
Sonora has a 4.6% fixed rate 15-year mortgage in the amount of $375,000. The total cost of principal and interest is about $519,827. Which of the following is closest to Sonora’s monthly payment? $2,083 $3,466 $2,500 $2,888
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OpenStudy (amistre64):
well, this is similar to the last one, since the number of payments and the amount of the payment determine how much youve paid ... payment * 12 * 15 = prinicipal + interest
OpenStudy (anonymous):
thanks man
OpenStudy (amistre64):
youre welcome
OpenStudy (anonymous):
so im still not to sure ..
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